New Trade: RIO

Rio Tinto, an industrial metals and minerals corporation, has a trend of rising approx 14-15 days before it’s earnings release which is currently scheduled for 8 Aug. Today, I purchased 4 Aug 45 calls at $1.79. My loss limit is $1.40 and exit point is $2.80.

Here’s a look at my potential profit:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

4 1.79 716.00 2.80 1120.00 10.00 394.00 55.0%


My charts for this trade:

130516 WFM

Screen Shot 2013-06-18 at 8.07.12 AM

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What do you think? Let me know in the comments!

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